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Cardano (ADA) is facing some challenges as the token’s price struggles to gain momentum despite Bitcoin’s rally. However, a new player in the cryptocurrency market, IntelMarkets (INTL), is gaining attention with its AI-powered marketplace.

Here’s a closer look at the latest updates on Cardano, IntelMarkets, and Bitcoin’s price movement.

Cardano investors have been keeping a close eye on ADA as the token encounters some difficulties. Despite a surge that saw ADA briefly climbing up to $1.32, the token has since retracted. This consolidation signals a period of relative stability in the market.

However, some analysts believe that this consolidation phase could be a chance for the ADA market to build support for a future rally. Despite facing these challenges, Cardano continues to grow its investor base that is interested in ADA’s long-term potential. As Bitcoin marches above $108k, altcoin investors are wondering if Cardano can find its stride and march toward new highs.

Cardano price now, ADA trades in a tight range as traders assess next move. ADA price shows little movement over the past 24 hours as the token trades at $0.94. However, the token fiyatı dropped 0.94 percent. In the past seven days, ADA price is up 0.00 percent.

ADA price opened the trading week on a high note, surging past the $1.30 resistance level. However, the token faced selling pressure at $1.32, leading to a sharp reversal. ADA price then consolidated sideways within a narrow range before attempting to break through the immediate resistance levels.

However, bears stepped in and pushed ADA price back down, preventing the token from making any significant gains. As a result, ADA price consolidated further, trading within a tight range between the immediate support and resistance levels.

At the time of writing, ADA price is facing resistance at $1 and $0.974. If ADA can overcome these resistance points, we could see a further increase in price. ADA is ranked 8th on CoinGecko, with a market cap of $43 billion.

Bitcoin price set a new all-time high on Monday as the world’s largest cryptocurrency continued its stunning rally. BTC price soared to a peak of $108,268 on the Bitstamp exchange, surpassing the previous all-time high of $105,688 set in October 2021.

The BTC price rally then slowed, and the token began to consolidate around the $107,000 level. Bitcoin fiyatı then dropped to a low of $104,744 before recovering slightly. At the time of writing, BTC price is up 0.83 percent over the past 24 hours and trades at $107,044.

Bitcoin’s strong performance is also having a positive impact on other cryptocurrencies. The total cryptocurrency market cap rose to a new all-time high of $3.1 trillion, driven by gains in Bitcoin and other major cryptocurrencies.